Alternet Systems Inc (ALYI)

[lesgetrich]

New PR today...

ALYI - Alternet Systems Plans Management Restructuring and Expansion to Optimize Growth

DALLAS, May 14, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today announced plans for a management restructuring and expansion intended to contribute to the company’s growing sales opportunities, technology innovations and merger and acquisition developments. The company signed $2 million dollars in orders in the first quarter of 2019 for its ReVolt Electric Motorcycles and has a $20 million order under development in conjunction with a project to open an African assembly plant. ALYI also has a number of alternative energy storage related technologies under development. Furthermore, ALYI has a robust merger and acquisition (M&A) pipeline. The sales development, technology development and M&A activity has the current management team stretched in addition to some of the tasks under management differing from the current management teams background and areas of expertise. The company plans to soon release the results of its first quarter 2019 operations followed by a management brief further detailing the first quarter results. Look for the management brief coming by the end of next week. The management brief will elaborate more on the planned management restructuring and expansion. The following week of May 27th, ALYI plans to release the final plan on the management restructuring and expansion.